a business owner or self-employed.
tailored advice for time-strapped individuals
personalised financial advice for your unique journey
Running a business is extremely time-consuming, so managing your personal finances can feel like an uphill battle. Therefore, it can pay off to work with an expert who knows and understands the financial problems you face. Whether you want to run profitably, grow your business, or exit confidently, we will allow you to plan for the future.
Being as busy as you are, you’re limited on time. We will take on as much or as little as you want us to and will work with your other advisers to achieve the greatest possible outcome.
Even if you’re not looking to exit in the coming years, we will help you to keep one eye on the future so that your business is in the right shape when the time comes, and we can maximise the value of your business. Whatever your plans for the future, we will be here to help you achieve them.
expert advice
this is how we provide solutions to your problems
As we work with many business owners, we understand your challenges and how they differ depending on your personal and business goals. We will guide you and implement a long-term financial plan that is aligned with the needs of you, your business and your family so that you can prosper.
By putting plans in place now, you can add value to your business over the years and it will allow you to begin your exit relatively quickly, and as smoothly as possible, when the time is right.
Planning for your future
We take the time to understand your goals and what matters most to you. If you are looking to sell your business in the coming years, we can help you plan for this to maximise the value. We can also put you in touch with the other professional advisers that you may need, such as solicitors, accountants and corporate finance advisers, who we work with regularly, if you would like us to.
Protecting your assets
You may be looking to diversify your personal wealth, rather than have it all tied up in your business. Whether you are taking cash off the table by selling a share of your business, funding your pension from your business, or have been advised to set up a Personal Investment Company or a Family Investment Company, we can support you.
Building tax-efficient solutions
One of the largest impacts on your long-term wealth is paying tax unnecessarily. We can build bespoke tax-efficient solutions, utilising any available tax allowances and ensuring you claim any tax reliefs. We will also factor in your business’ tax position. This way, we can protect and retain the wealth that you have worked so hard to build.
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frequently asked questions when selling a business
When is the right time to sell?
There are many reasons to sell a business, both personal and commercial. Some may be looking to retire, while others may want to move on to their next venture.
To maximise the value that you receive from your business, you need to ensure that it is in the right position when selling, which can take time.
Why would I need financial advice?
A financial adviser ensures that your current position is understood and establishes your needs and priorities for the future. You will also need to decide what to do with the sales proceeds, and we can help you navigate the options available to ensure that you do not lose money unnecessarily to taxation.
What professional advisers do I need?
For a transaction of this nature, alongside your financial adviser, you will typically need legal, tax and corporate finance advisers. We can help you build the right advisory team for the transaction to ensure that you get the maximum value out of your business, should you need our support with this.
What questions should I ask myself?
There are so many questions to ask, but some of the key ones include: “Why am I selling my business and what do I want to achieve?” and “Do I want to retire and step away altogether, or do I want to continue to work?” and “Are my management team interested in buying the business?”.
Where do I start?
Spending time working on your business, and not just in your business, is always a good place to start. You should also think about your long-term plans and objectives. The sales process will be busy and will likely bring high levels of stress. Therefore, preparation is key to ensuring you receive the right outcome.
Is selling my business the best option for me?
There is no uniform right answer to this. This depends on what’s important to you, both now and in the future. There are several different options to consider instead of selling your business and we will be happy to talk you through them.
What are the tax implications?
Over the years, there have been numerous changes to the taxation legislation that impact those selling their businesses. Therefore, you must seek professional tax advice and undertake the appropriate tax planning. This will maximise the tax efficiency of your business sale and ensure your wealth is in the most efficient structure following the sale. This way, you can ensure that you do not lose your hard-earned wealth by paying unnecessary tax.
How is the sale structured and what options are available?
There are many ways for a sale to be structured, and this depends on what suits both parties. Offers can be made in cash, cash plus shares in the new company, or cash plus loan notes. They can also be made with upfront payments plus deferred payments, subject to performance expectations being achieved.
Don’t just take our word for it.
In all our negotiations, David has explained things in an easily understood manner, which has made a complex procedure much easier to comprehend. Having never had any experience of the world of finance, I’ve found him supportive and informative.
The whole experience has been professional, friendly and informative. At all times, I could ask the “daft question,” which was really important for me as I was unskilled in this area and needed to trust the person I chose.
David was very thorough and went through every fine detail regarding my private pension. He gave me lots of guidance and different options. David always went out of his way to help me and is extremely knowledgeable.
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Ready to take your financial plan to the next level?
We love meeting new people and learning about you. If you are interested in finding out more, please schedule an introductory meeting with us by clicking on the button below. We do not charge for an introductory meeting, and we can both use this meeting to assess whether we are the right fit for one another.
Kind Wealth does not advise on the setting up of a Family Investment Company. Family Investment Companies would be set up by a third party and Quilter Financial Planning accept no responsibility for this.
Kind Wealth can advise on the underlying investments held within a Family Investment Company.
The Financial Conduct Authority does not regulate tax planning, exit strategies and legal services. Legal services are by referral only
Tax treatment varies according to individual circumstances and is subject to change.
The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.
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